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Copper: slight decrease in price

07/06/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Tandis que les investisseurs attendent un rapport clé sur l' emploi américain prévu plus tard today for clues about the schedule of Federal Reserve interest rate cuts, the London copper fell slightly on Friday, hampered by lower-than-expected physical demand from the main consumer, China

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Three-month copper on the London Metal Exchange was down 0.3% at $10,115 per metric ton at 0146 GMT. It was traded almost unchanged for the week. The most traded July copper contract on the Shanghai Futures Exchange rose 1.1% to 81,850 yuan ($11,296.82) per ton. The price of copper hit a record high at the end of May, exceeding $11,000, thanks in part to funds banking on the use of the metal in green energy sectors and on a potential shortage

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LME aluminum increased 0.2% to $2,651.50 per ton, nickel rose 0.6% to $18,645, zinc added 0.4% to $2,920.50, zinc added 0.4% to $2,920.50, tin increased 0.7% to $32,425 per ton, and lead was little changed at $2,241.50. SHFE aluminum increased 0.6% to 21,345 yuan per ton, lead increased 0.1% to 18,845 yuan, tin increased 2.3% to 267,060 yuan, zinc increased 0.9% to 24,215 yuan, and nickel rose 0.6% to 142,830 yuan

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